Cities all around the world are having to come up with creative solutions to their budget problems as the economic slump continues. The city of Dijon, the capital of the Burgundy region of France, has an unusual asset to sell.
The picturesque town (also home to the mustard of the same name), held an auction to sell off half of its 7,000-bottle wine cellar to fund social services. The municipal cellar is used to entertain visiting dignitaries.
An article in Bloomberg reported: "Dijon sold half the stock in its wine cellars, raising 151,620 euros ($203,929). The highlight was a bottle of Vosne-Romanee 'Cros Parentoux' premier cru of 1999 produced by Henri Jayer that had a price tag of 1,000 euros. It was sold at 4,800 euros."